On July 14, 2015, the Company’s Board of Directors approved a policy of paying dividends at an annual rate of $0.60 per share of common stock of the Company, payable in four installments of $0.15 per share of common stock of the Company, with such quarterly dividends to be declared on a quarterly basis by the Board.

The online marketplace for books is very competitive. As such, we extend greater discounts to our customers in order to remain competitive. Research has shown that customers that shop at both stores and online are more loyal and are greater spenders. By keeping the sale "in the family," we strengthen our long-term business.

Barnes & Noble Members receive free express shipping on all BN.com orders; 40% off the list price on hardcover fiction and non-fiction Barnes & Noble store bestsellers; and 10% off the B&N price of almost everything else in store. Plus, Members receive special offers and discounts throughout the year. New Members get a special sign-up bonus of $50 in coupons, delivered by email. The annual Membership fee is $25.

The Barnes & Noble Kids’ Club Program is free for adult participants with kids age 12 and under. Participants receive a $5 gift card reward (maximum 4 per year) for every $100 spent on kids’ stuff online and in stores. In addition, each of the participants’ eligible kids receive a gift for their birthdays—a free cupcake from our Café.

The Barnes & Noble Educator Program is free for K-12 educators. Participants save 20% off list price on all eligible purchases for classroom use, online and in stores. Educators get up to 25% off during Educator Appreciation Days, as well as receive valuable email offers throughout the year and information on special Educator events.